Ashwani Gujral was a renowned stock market analyst and trader of India, who passed away on February 27, 2023 at the age of 52. He was known for his expertise in technical analysis, his self-belief, and his ability to change his views according to the market movements. He was a regular commentator on business news channels, an author of several books on trading and charting, and a SEBI registered portfolio manager. He was also a graduate in BE (Electronics and Communications) from MIT (Manipal) and an MBA (Finance) from Georgetown University in the US. He was widely respected and admired by his peers, colleagues, and viewers for his contributions to the Indian stock market. In his popular book How to make money in Intraday trading , he shares some of the useful qualities a trader should posses . Here is a list of such qualities
1. A method of trading that you would like to stick to.
2. Technical know-how about markets and their working.
3. Sufficient back-testing of your trading strategies.
4. Constant skill upgradation and training with changing times.
5. Pre-market planning or home-work.
6. Post market review and analysis.
7. Dedication.
8. Unshakeable commitment.
9. Regular reading habit and staying updated with events around you.
10. Sufficient computer skills and comfort with making best use of IT.
11. Comfort in working with numbers and large amounts of data.
12. Patience in waiting for right trading setup, namely the right opportunity.
13. Decision making ability when the right time comes.
14. Guts to pull the trigger, nimbleness and agility.
15. Grit or mental strength to overcome obstacles and to withstand the pressure in an ongoing trade.
16. Resilience to rebound quickly after a fall.
17. Laser sharp focus.
18. A sharp and alert mind to spot opportunities in this jungle of more than 5,000 scrips moving every moment.
19. An understanding of the economy’s macros as well as micros sectors, and their co-relation, no matter whether you are into technicals or fundamentals.
20. Execution abilities and trade management, namely grip over ongoing multiple trades,from entry till exit.
21. A positive attitude.
22. The right relaxation that rejuvenates you and gives you a high, without a hangover.
23. High self-esteem; remember, you become what you think yourself to be.
24. Zero mental baggage.
25. A burning desire to win; you can even call it obsession.
26. Good karma — yes, it matters and it makes a world of difference.
27. Ultimate level of discipline — and this includes not just in the work hours, but even in your life as a whole.
28. Ability to see your own mistakes and accepting them with humility.
29. Spirituality — it strongly impacts intuition.
30. Mindfulness — the ability to be in the present moment.
31. Ability to bend yourself at sudden and sharp turns; flexibility to instantly shift gears.
32. The spirit to take things in your stride and moving on.
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